Aqaba Development Corporation Launches Scale Up Aqaba

Press Release


Aqaba Development Corporation Launches Scale Up Aqaba
A Series of Public Private Business & Investment Workshops That Aim to Drive Investments & Engage The Private Sector in The Decision-making Process.

Aqaba, Jordan – Aqaba Development Corporation (ADC), On Thursday, September 14th, hosted the first business and investment workshop during an event held in Aqaba and attended by a 70 local and regional investors and industry leaders. The event is the first of a series of public private business & investment consultation workshops titled “Scale Up Aqaba” that aim to drive investments & engage the private sector in the decision-making process.

Scale Up Aqaba is an initiative of ADC that represents a significant milestone in its effort to attract investments and promoting economic growth in Aqaba through sector specific workshops that focus of understanding the needs of businesses and strategically adopt the private sector’s needs into its growth strategy for the city. Moreover, the workshops sim to become a key platform for dialogue and discussion, allowing engagement between the public and private sector to create successful investment opportunities in Aqaba.

His Excellency Nayef Al Fayez, Chief Commissioner of the Aqaba Special Economic Zone Authority (ASEZA), inaugurated the workshop. He stated, "This event is a valuable opportunity to ensure that we are on the right track. The development of Aqaba in realization of the Royal Vision to transform Aqaba in a world-class business hub and a global leisure destination requires all stakeholders wo be working closely.” H.E. added: “ADC is a key player in driving growth, attracting investment and establishing partnerships that aim towards economic prosperity in Aqaba and Jordan at large.”

The event featured presentations, discussions, and networking opportunities for the attendees to learn about the advantages and incentives of investing in Aqaba. It also served as a podium for ADC to unveil new investment opportunities in Aqaba.

H.E. Hussien Safadi, CEO of the Aqaba Development Corporation (ADC), highlighted the importance of fostering investor relations to unlock the potential of the Aqaba Special Economic Zone (ASEZ). He stated:  "Engaging with investors is not just a priority; it's a strategic imperative. At ADC, we recognize that by working closely with our partners, we can harness the immense potential ASEZ holds and in turn, contribute significantly to the realization of the royal vision and Jordan's economic priorities."

Safadi further explained the role that ADC plays in attracting new investments to the region. "ADC stands as a beacon for international investors seeking promising opportunities in Jordan," he remarked. "We are dedicated to facilitating an environment conducive to growth, innovation, and sustainability. Our commitment to transparency and efficiency in our processes is paramount in attracting new investments that align with our long-term goals." He added: “The outcomes of the Scale Up Aqaba Series will help us tailor our strategy to align with investors’ plans and create investment opportunities that are in line with sectors’ future needs."